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Abstract

Both Hong Kong and Singapore are open trading-manufacturing economies, serving as financial centres in South East Asia with international banking. However, Hong Kong is a free enterprise economy with non-intervention government policy, whereas Singapore is fundamentally a free enterprise economy with many public enterprises and strong and increasing government action.1 The difference in government policy has considerable impact on the economic and financial development of the two island-economies.

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Notes and References

  1. 5.
    See Lee Sheng-yi, Public Finance and Public Investment in Singapore (Institute of Banking and Finance, 1978),Google Scholar
  2. and H. C. Y. Ho, The Fiscal System of Hong Kong (London: Croom Holm, 1979).Google Scholar

Copyright information

© S.Y. Lee and Y.C. Jao 1982

Authors and Affiliations

  • S. Y. Lee
    • 1
  • Y. C. Jao
    • 2
  1. 1.National University of SingaporeSingapore
  2. 2.University of Hong KongChina

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